Sam Ashuraey Quoted in Law360 Article Discussing Bankruptcy Claims Trading

As seen in Law360 (August 1, 2024)

Sam Ashuraey recently discussed the current crypto claims trading market in an interview with Law360:

‘”I think they’ve been very active, especially FTX,” Sam Ashuraey, a bankruptcy attorney at Ashuraey Law PLLC who has written about the crypto bankruptcy sales process for Xclaim, told Law360. Ashuraey said he believes the uptick probably started near the end of 2023, with the period from then to now representing a peak in activity.

But prices may now stabilize or increase slightly to reflect more imminent recoveries, and there could be a decline in the number of sales coming as FTX moves towards a bankruptcy plan, he said. The market now expects FTX’s plan to go through and more claim holders may retain their distressed assets in light of plateauing prices and because those who wanted to sell have had an opportunity to do so, Ashuraey said.’

To read the full article, click here.

Sam represents creditors in connection with claims transfers and other aspects of corporate restructuring.  Please contact Sam or learn more here.